The Cheesecake Factory Incorporated (CAKE) 10-K 2006 FY Annual report

EXHIBIT 11.0

STATEMENT REGARDING COMPUTATION OF NET INCOME PER SHARE

	Fiscal Year
	2005		2004		2003
	(in thousands, except per share data)
Net Income Per Common Share–Basic
Weighted average shares outstanding		78,354		77,613		75,633
Net income	$	87,546	$	66,538	$	57,230
Net income per share–basic	$	1.12	$	0.86	$	0.76
Net Income Per Common Share–Diluted
Weighted average shares outstanding		78,354		77,613		75,633
Net effect of dilutive stock options based on the treasury stock method using average market price		1,822		1,782		2,139
Total shares outstanding for computation of per share earnings		80,176		79,395		77,772
Net income	$	87,546	$	66,538	$	57,230
Net income per share–diluted	$	1.09	$	0.84	$	0.74

          Shares of common stock equivalents of approximately 0.2 million, 1.1 million and 0.4 million for fiscal 2005, 2004 and 2003, respectively, were not included in the diluted calculation because they were anti-dilutive.